Vietnam Electric Vehicle Export Data 2025: Database of Electric Car Manufacturers in Vietnam & EV Market Insights

Vietnam’s electric vehicle (EV) industry is no longer a niche experiment. By 2026 end, it will have become one of the fastest-growing EV markets globally, driven by aggressive domestic manufacturing, policy support, and rising consumer demand. What makes Vietnam especially interesting is not just its internal growth, but its transition toward becoming an export-oriented EV manufacturing hub. According to the latest Vietnam export data and Vietnam customs export data of electric vehicles, the total value of Vietnam electric vehicle exports reached $433.30 million in 2025, a massive increase of 90% from the previous year. 

With 196,919 EVs delivered annually in 2025 under HS code 870380, a 102% increase from the previous year, Vietnam's electric vehicle (EV) market, driven by VinFast, saw a tremendous boom. The main factor was domestic sales, with 175,099 EVs supplied in Vietnam, breaking previous records and solidifying its position as the market leader. Vietnam is the 18th largest exporter of electric vehicles & electric cars worldwide, according to global trade data and Vietnam customs data. This article breaks down Vietnam’s EV export landscape in 2025, profiles key manufacturers, and provides data-backed insights into where the market is heading.

Vietnam EV Market Overview (2025)

Vietnam’s EV market has expanded at a pace that few countries have matched.

• EV segment growth: +201.7% in 2025

• EV share of the automotive market: 30–36%

• Total car market size: 522,000 vehicles (including VinFast)

• EV market value (2025): $3.12 billion

In ASEAN, Vietnam now ranks among the fastest adopters of electrification, with EV penetration significantly above regional averages; henceforth, Vietnam now leads ASEAN in EV market growth. 

A key driver is government support:

• Reduced registration fees

• Tax incentives for EV buyers

• Long-term goal of net-zero emissions by 2050

This policy environment has enabled the rapid scaling of domestic EV manufacturing.

Vietnam Electric Vehicle Exports by Country: Where Does Vietnam Export EVs?

Vietnam's electric vehicle exports span across various countries, showcasing the nation's growing presence in the EV market. As a rising player in the electric vehicle industry, Vietnam exports its EVs to countries such as South Korea, Japan, and the United States. Through strategic partnerships and a focus on sustainable transportation solutions, Vietnam is carving a niche for itself in the global EV export market. The top 10 export destinations for Vietnamese electric vehicle exports, as per the Vietnam EV shipment data for 2025, include:  

1. USA: $200.32 million (46.2%)

The United States of America is one of the largest importers of electric vehicles from Vietnam. With a total export value of $200.32 million, the US accounts for a substantial portion of Vietnam's EV exports, as per the data on Vietnam electric car exports to the US by HS code. This significant demand for EVs in the US highlights the growing popularity of electric vehicles in the American market.

2. Indonesia: $93.50 million (21.6%)

Indonesia is another key destination for Vietnam's electric vehicle exports, with a total export value of $93.50 million. As a neighboring country with a large population, Indonesia offers a lucrative market for Vietnam's EV industry. The demand for electric vehicles in Indonesia is driven by the country's efforts to reduce carbon emissions and promote sustainable transportation solutions.

3. Canada: $68.20 million (15.7%)

Canada is a significant importer of electric vehicles from Vietnam, with an export value of $68.20 million, as per the data on Vietnam EV exports to Canada. The Canadian market for EVs is growing rapidly, as more consumers are recognizing the environmental and economic benefits of electric transportation. Vietnam's contribution to the Canadian EV market reflects the global demand for sustainable mobility solutions.

4. Slovenia: $40.15 million (9.3%)

Slovenia is an emerging market for electric vehicles, and Vietnam has been able to establish a strong presence in this European country. With an export value of $40.15 million, Vietnam's EV exports to Slovenia are steadily growing. The demand for electric vehicles in Slovenia is driven by government incentives and a growing awareness of the benefits of electric transportation.

5. Philippines: $15.30 million (3.5%)

The Philippines is another key market for Vietnam's electric vehicle exports, with a total export value of $15.30 million. The demand for EVs in the Philippines is driven by the need for sustainable transportation solutions in urban areas. Vietnam's contribution to the Philippine EV market highlights the country's commitment to environmental sustainability.

6. Laos: $6.18 million (1.4%)

Laos is a smaller market for electric vehicles, but Vietnam has been able to capture a share of this emerging market. With an export value of $6.18 million, Vietnam's EV exports to Laos are gradually increasing. The demand for electric vehicles in Laos is driven by the government's efforts to promote clean energy and reduce dependence on fossil fuels.

7. United Arab Emirates: $4.26 million (1%)

The United Arab Emirates is a growing market for electric vehicles, and Vietnam has tapped into it. With an export value of $4.26 million, Vietnam's EV exports to the UAE are on the rise. The demand for electric vehicles in the UAE is driven by the country's focus on sustainability and carbon emissions reduction.

8. Spain: $2.36 million (0.5%)

Spain is another European country where Vietnam exports its electric vehicles. With an export value of $2.36 million, Vietnam's presence in the Spanish EV market is gradually gaining momentum. The demand for electric vehicles in Spain is growing, as more consumers are opting for eco-friendly transportation solutions.

9. China: $1.86 million (0.4%)

China, known as a global leader in the electric vehicle market, also imports electric vehicles from Vietnam. With an export value of $1.86 million, Vietnam's EV exports to China cater to the increasing demand for electric transportation in the Chinese market. The collaboration between Vietnam and China in the EV industry highlights the potential for further growth and cooperation.

10. Germany: $419K (0.1%)

Germany, a leading automotive market in Europe, is another destination for Vietnam's electric vehicle exports. With an export value of $419K, Vietnam's presence in the German EV market is steadily growing. The demand for electric vehicles in Germany is driven by sustainable mobility initiatives and a growing shift towards electric transportation solutions.

Vietnam Electric Car Exporters Database: Top Electric Vehicle Manufacturers in Vietnam

Below is a structured overview of key EV manufacturers and ecosystem players in Vietnam. The leading electric car manufacturers in Vietnam, as per the Vietnam electric car suppliers & electric car exporters database for 2025, include: 

1. VinFast

• Approx. export value (2025): $360M

• Top export types:

• Electric SUVs (VF 6, VF 8, VF 9)

• Compact EVs (VF 3, VF 5)

• Top export destinations:

• USA

• Canada

• Indonesia

• India

2. VinES

• Approx. export value (2025): $240M

• Top export types:

• EV battery packs

• Lithium-ion cells

• Top export destinations:

• USA

• India

• ASEAN countries

3. TMT Motors

• Approx. export value (2025): $120M

• Top export types:

• Mini EVs

• Low-cost urban EVs (CKD units)

• Top export destinations:

• Laos

• Cambodia

• ASEAN markets

4. THACO Auto

• Approx. export value (2025): $100M

• Top export types:

• Electric buses

• Specialty EVs

• Top export destinations:

• Philippines

• Thailand

5. SAMCO

• Approx. export value (2025): $80M

• Top export types:

• Electric buses

• Utility EVs

• Top export destinations:

• ASEAN

• Middle East

6. VEAM

• Approx. export value (2025): $60M

• Top export types:

• EV components

• Drivetrain parts

• Top export destinations:

• Japan

• South Korea

7. Dien Quang Group

• Approx. export value (2025): $40M

• Top export types:

• EV charging systems

• Electrical components

• Top export destinations:

• ASEAN

• Middle East

8. Gelex Group

• Approx. export value (2025): $35M

• Top export types:

• EV infrastructure components

• Industrial cables

• Top export destinations:

• Asia

• European Union

9. Selex Motors

• Approx. export value (2025): $20M

• Top export types:

• Electric delivery vehicles

• Fleet EV solutions

• Top export destinations:

• Southeast Asia

10. Dat Bike

• Approx. export value (2025): $15M

• Top export types:

• Electric motorbikes (pilot exports)

• Top export destinations:

• ASEAN (early-stage markets)

Quick Summary

• Market leader: VinFast dominates exports by a wide margin

• Growing segment: Batteries and components led by VinES

• Emerging exporters: Mix of bus manufacturers & infrastructure players

• Key regions: USA, ASEAN, India, and gradually Europe & the Middle East

Core OEMs (Original Equipment Manufacturers)

1. VinFast (Vingroup)

• Type: Full EV automaker

• Focus: Passenger EVs (SUVs, compact cars)

• Market share: Dominant (>25% overall car market at times)

• Export markets: USA, Canada, India, Indonesia

• Models: VF 3, VF 5, VF 6, VF 7, VF 8, VF 9

Strength:

• Fully integrated ecosystem (manufacturing + charging + leasing)

• Strong domestic brand loyalty

Weakness:

• Struggles in global competitiveness (pricing, brand recognition)

2. Emerging Local Startups

Vietnam’s EV ecosystem includes smaller or emerging players:

TMT Motors (EV Assembly & Distribution)

• Focus: Low-cost EVs and partnerships with Chinese OEMs

• Strategy: Affordable urban EV segment

VinES (Battery Subsidiary)

• Role: Battery production and R&D

• Importance: Vertical integration for export competitiveness

Vietnam Electric Vehicle Export Data in the Last 5 Years

Vietnam EV Sales and Production Data (2025)

1. Dominance of a Single Player

Vietnam’s EV market in 2025 is overwhelmingly dominated by VinFast, the country’s flagship automaker.

Key 2025 data:

• Annual EV deliveries: 175,099 units

• Growth vs 2024: 80% increase

• Market leadership: 15 consecutive months

Quarterly performance:

• Q3 2025 deliveries: 38,195 EVs (+74% YoY)

Monthly peak:

• December 2025: 27,649 units (record)

2. Two-Wheeler Electrification

Vietnam is also a major market for electric two-wheelers:

• E-scooter/e-bike deliveries (2025): 406,498 units

This segment plays a critical role in building EV infrastructure and consumer familiarity.

Vietnam EV Export Data (2025)

1. Export Reality: Still Emerging

Despite strong domestic growth, EV exports from Vietnam remain limited but strategic.

Key observations:

• Most EV sales are still domestic-focused

• In earlier years, only 10% of output was exported

• Export markets are expanding gradually, especially in:

• North America

• India

• Southeast Asia

• Middle East and Africa

2. Export Infrastructure Expansion

Vietnam is actively building export capacity through:

• Overseas assembly plants (India, Indonesia)

• CKD (completely knocked down) exports

• Strategic partnerships

Example:

• The Tamil Nadu plant (India) is designed for 50,000 units annually and exports to global markets

3. Production Capacity for Export

VinFast’s manufacturing scale indicates export readiness:

• Hai Phong plant capacity target: 950,000 units/year

• Ha Tinh plant capacity: 200,000 units/year (initial)

• Long-term goal: 1 million vehicles annually

This scale clearly exceeds domestic demand, signaling export-driven growth.

Foreign OEM Presence (Indirect Manufacturing & Import)

Vietnam’s EV ecosystem also includes foreign automakers:

• Hyundai (localized production via JV)

• Toyota (hybrid-first strategy, gradual EV entry)

• Chinese EV brands entering via partnerships

These players are not yet major exporters from Vietnam, but they influence supply chains.

EV Supply Chain & Component Ecosystem

Vietnam’s EV export potential depends heavily on its component ecosystem:

Key segments:

• Battery manufacturing (VinES, partnerships with global firms)

• Electronics and semiconductors

• Charging infrastructure providers

Vietnam is positioning itself as a regional EV manufacturing hub, similar to Thailand’s role in ICE vehicles.

Market Drivers Behind EV Growth

1. Government Policy

Vietnam’s EV growth is policy-led:

• Tax reductions on EV purchases

• Registration fee exemptions

• National electrification roadmap

2. Consumer Demand

EV adoption is driven by:

• Rising fuel prices

• Urban pollution concerns

• Affordable EV models (e.g., mini EVs)

3. Infrastructure Expansion

• Rapid deployment of charging stations

• Integration with ride-hailing and fleet services

Key Market Trends (2025)

1. Shift Toward Affordable EVs

Vietnam’s growth is not driven by luxury EVs, but by:

• Compact city cars

• Entry-level SUVs

Example:

• VF 3 and VF 5 dominate sales in early 2025

2. Electrification Beyond Cars

Vietnam’s EV ecosystem includes:

• E-scooters (mass adoption)

• Electric buses (public transport expansion)

3. Domestic Market Still Leads

Even with export ambitions:

• The majority of EV demand remains domestic

• Export markets are still developing

Challenges in Vietnam’s EV Export Growth

1. Weak Global Brand Recognition

Vietnamese EVs, especially VinFast, face:

• Limited brand awareness

• Strong competition from Tesla, BYD, and Hyundai

2. Pricing Pressure

Global EV markets are becoming price-sensitive:

• Chinese EV makers offer lower-cost alternatives

• Profitability remains a challenge

3. Infrastructure Gaps Abroad

Export success depends on:

• Charging infrastructure

• Dealer networks

• After-sales service

These are still under development in many target markets.

Opportunities for Vietnam as an EV Export Hub

Despite challenges, Vietnam has strong structural advantages:

1. Manufacturing Cost Advantage

• Lower labor costs vs China and developed markets

• Strong electronics manufacturing base

2. Strategic Location

• Close to ASEAN markets

• Access to major shipping routes

3. Trade Agreements

Vietnam benefits from:

• CPTPP

• EVFTA (EU-Vietnam Free Trade Agreement)

These reduce tariffs and improve export competitiveness.

Future Outlook (2026–2030)

1. Market Growth Forecast

• Market size projected to reach $8.84 billion by 2031

• CAGR: 19%

• EV share: 50% by 2030

2. Export Growth Trajectory

Expected trends:

• Shift from domestic dominance to export diversification

• Expansion into:

• India

• ASEAN

• Middle East

• Africa

3. Production Scaling

VinFast alone aims to:

• Double output beyond 300,000 units annually in the coming years (target trajectory implied by growth trends)

Key Takeaways

Vietnam’s EV industry in 2025 is defined by three realities:

1. Explosive Domestic Growth: EV adoption is among the fastest globally, with triple-digit growth rates.

2. Single-Player Dominance: VinFast controls the market, shaping both production and export direction.

3. Export Potential, Not Yet Maturity: Export infrastructure is expanding, but global penetration is still in early stages.

Conclusion and Final Thoughts

In conclusion, Vietnam is at a turning point in its EV journey. Vietnam has firmly established itself as a high-growth EV market, backed by strong policy support and a dominant domestic manufacturer. However, its evolution into a global EV export powerhouse is still underway.

The data shows a clear trajectory:

• Rapid domestic adoption

• Scaling production capacity

• Gradual expansion into international markets

If Vietnam can overcome branding, pricing, and infrastructure challenges, it has the potential to become one of the most important EV manufacturing and export hubs in the world over the next decade. For businesses, investors, and policymakers, Vietnam’s EV sector is no longer a speculative opportunity. It is a fast-developing reality with global implications.

Note For Our Readers

We hope you found this blog on Vietnam Electric Vehicle Export Data 2025 useful and insightful. If you’re looking to go beyond surface-level analysis & explore detailed, shipment-level data on Vietnam’s electric vehicle exports by country, including model-wise shipments, battery exports, Vietnam electric vehicle exporters database, or emerging EV market opportunities, feel free to connect with VietnamExportData.

We provide comprehensive & up-to-date Vietnam import-export databases covering electric vehicles, EV components, and battery supply chains. Our datasets include shipment-level records, exporter-importer details, HS code analysis, pricing trends, and country-wise trade insights. Whether you are tracking EV export growth, identifying global buyers, analyzing competitor strategies, or planning to enter Vietnam’s fast-growing electric mobility market, our data solutions are designed to support your goals. For exclusive access, customized EV export reports, or a tailored database of Vietnam EV manufacturers and exporters, contact us at info@tradeimex.in today.